NGG: Mt Sinivit ops steady

NEW Guinea Gold Corp announced last week that the mining and processing at its Mt Sinivit operation was steadily returning towards full production.
NGG has been progressing through the normal channels for the renewal of its main mining lease (ML122) and the associated leases and exploration licences.
Due to the local landowners’ disunity, that process has been repeatedly delayed.
NGG has received formal advice from the Mineral Resource Authority (MRA) that the leases and licences remain in situ and that mining activities could continue whilst the renewal process progresses.
Acting chief executive Greg Heaney said that they had also been advised that the prime minister has directed that the leases and licenses be renewed forthwith.
“In doing so, the PNG government has flagged its desire for continuity and recognised the value of foreign investment to the PNG economy.
“The Prime Minister also complimented NGG and its associated entities for their long association with PNG and their continuing commitment to working and investing in the country,” Heaney said.
He added that NGG was pleased with its progress towards resuming full production following the recent interruption.
“We appreciate the support we are receiving from the MRA and the government through the renewal process and look forward to the successful conclusion of that exercise.
“We remain committed to working in PNG for the long-term betterment of all stakeholders associated with the mine.